Description
The Microsoft Excel AMORDEGRC function returns the linear depreciation of an asset for each accounting period, on a prorated basis.
Syntax
The syntax for the AMORDEGRC function in Microsoft Excel is:
AMORDEGRC( cost, purchase_date, first_period, salvage, period, rate, [basis] )
Parameters or Arguments
- cost
- The cost of the asset.
- purchase_date
- The date that the asset was purchased.
- first_period
- The date of the end of the first period.
- salvage
- The salvage value after the asset has been fully depreciated.
- period
- The period in which to calculate the linear depreciation.
- rate
- The rate of depreciation.
- basis
- Optional. It is the type of year basis to use when calculating the depreciation. If this parameter is omitted, it assumes that the basis is set to 0. It can be any of the following values:
Value Explanation 0 360 days (NASD) 1 Actual 3 365 days (in a year) 4 360 days (in a year)
Applies To
- Excel 2016, Excel 2013, Excel 2011 for Mac, Excel 2010, Excel 2007
Type of Function
- Worksheet function (WS)
Example (as Worksheet Function)
Let's look at some Excel AMORDEGRC function examples and explore how to use the AMORDEGRC function as a worksheet function in Microsoft Excel:
Based on the Excel spreadsheet above, the following AMORDEGRC examples would return:
=AMORDEGRC(B1,B2,B3,B4,B5,B6,B7) Result: 2,813 =AMORDEGRC(10000,DATE(2012,3,1),DATE(2012,12,31),1500,1,0.3,1) Result: 2,813 =AMORDEGRC(10000,DATE(2012,3,1),DATE(2012,12,31),1500,1,30%,1) Result: 2,813
